To kick off the show, Ken and John paint the scene of what college admissions are like today. They cite frightening statistics about the selectivity of elite schools and note that the pressure to be accepted placed on high schoolers is neither good nor healthy. John describes the vicious cycle in which the large number of applicants to a school leads to increased selectivity, which leads to increased prestige, which leads to a larger number of applicants for the following year. Ken wonders what is achieved by subjecting teenagers to this in the first place.

After his introduction, Mitchell Stevens answers John’s question about what has changed in college admissions. The current character of the economy makes selective colleges and universities like Stanford not just intense to get into, but intense generally. A college or university, Mitchell explains, is like a nightclub: the more people it turns away, the more desirable it becomes. 

Ken wonders whether the prestige of a school even matters. Do elite schools deliver something to their students that can’t be gotten elsewhere? Mitchell answers that it’s true that prestige matters and lists three reasons. First of all, graduating from an elite college or university pre-sorts you in applicant pools for the rest of your life. Second of all, it creates a web of relationships that you can cultivate for the rest of your life. And thirdly, it affects who you’re likely to marry or remarry. From an educational angle, John adds that he doesn’t think it matters much unless you have ambitious research interests; undergraduates should focus on the quality of teaching, not the prestige of a university, because that is the factor in their choice that they will be most affected by. 

The discussions sparked by audience questions range from consideration for the ethics of affirmative action to the common yet vague criterion of leadership potential. John concludes the show with a hopeful word of a advice. High schoolers shouldn’t be discouraged by rejection; students can have fun at college anywhere. Ken, on a more serious note, chimes in that a wonderful fact about America is that there are so many great universities. Society shouldn’t be so obsessed by the marginal utility granted by a school’s prestige. 

• Roving Philosophical Reporter (Seek to 5:40) : Caitlin Esch learns about the high-pressure environment for high-achieving high school students by speaking with Lisa Dimarino, a marriage and family therapist in Palo Alto. 
   
• 60-Second Philosopher (Seek to 48:58) : After reflection on how things were different when he was a boy, Ian Shoales counsels students that their only hope in the sinking job market is to, somehow, get rich quick.